Frequently Asked Questions
- Can a depositor leave his/her deposit with the transferee institution?
- How does a depositor establish an insurance claim?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
- Who should file a claim if more than one person is authorised to draw on an account?
Did You Know?
- Misconception: Deposit insurance can be claimed while the member institution is still continuing in operation. - Fact: Deposit insurance is ONLY activated upon closure of a member institution.
